Essential Properties Realty Trust 2026年季度报告

For the quarterly period ended June30, 2026OR For the transition period fromtoCommission File Number001-38530______________________________________________________________________________________________________ Essential Properties Realty Trust, Inc. (Exact name of Registrant as specified in its Charter)______________________________________________________________________________________________________ 82-4005693 (I.R.S. EmployerIdentification No.) (State or other jurisdiction ofincorporation or organization) 5 Vaughn Drive, Suite 202Princeton, New Jersey(Address of Principal Executive Offices) Registrant’s telephone number, including area code: (609)436-0619______________________________________________________________________________________________________ Securities registered pursuant to Section12(b) of the Act: New York Stock Exchange Indicate by check mark whether the registrant: (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities Exchange Act of1934 during the preceding 12months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject tosuch filing requirements for the past 90days.YesNo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule405 of RegulationS-T (§232.405 of this chapter) during the preceding 12months (or for such shorter period that the registrant was requiredto submit such files).YesNo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company,or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerginggrowth company” in Rule 12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying withany new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act).Yes☐No As of July 22, 2026, the registrant had 216,273,004shares of common stock, $0.01 par value per share, outstanding. Table of Contents PART I.FINANCIAL INFORMATIONPageItem 1.Financial StatementsConsolidated Balance Sheets as of June 30, 2026(unaudited) and December 31, 20252Consolidated Statements of Operations for the three and six months ended June 30, 2026 and 2025(unaudited)3Consolidated Statements of Comprehensive Income for the three and six months ended June 30,2026 and 2025(unaudited)4Consolidated Statements of Stockholders’ Equity for the three and six months ended June 30, 2026and 2025(unaudited)5Consolidated Statements of Cash Flows for the six months ended June 30, 2026 and 2025(unaudited)7Notes to Consolidated Financial Statements (unaudited)9Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations40Item 3.Quantitative and Qualitative Disclosures About Market Risk67Item 4.Controls and Procedures68 PART II.OTHER INFORMATIONItem 1.Legal Proceedings69Item 1A.Risk Factors69Item 2.Unregistered Sales of Equity Securities and Use of Proceeds69Item 3.Defaults Upon Senior Securities70Item 4.Mine Safety Disclosures70Item 5.Other Information70Item 6.Exhibits71 Signatures72 ESSENTIAL PROPERTIES REALTY TRUST, INC.CONSOLIDATED FINANCIAL STATEMENTSConsolidated Balance Sheets(In thousands, except share and per share data) The accompanying notes are an integral part of these consolidated financial statements. ESSENTIAL PROPERTIES REALTY TRUST, INC.CONSOLIDATED FINANCIAL STATEMENTSConsolidated Statements of Operations ESSENTIAL PROPERTIES REALTY TRUST, INC.CONSOLIDATED FINANCIAL STATEMENTSConsolidated Statements of Comprehensive Income ESSENTIAL PROPERTIES REALTY TRUST, INC.CONSOLIDATED FINANCIAL STATEMENTSConsolidated Statements of Stockholders’ Equity ESSENTIAL PROPERTIES REALTY TRUST, INC.CONSOLIDATED FINANCIAL STATEMENTSConsolidated Statements of Stockholders’ Equity (continued) ESSENTIAL PROPERTIES REALTY TRUST, INC.CONSOLIDATED FINANCIAL STATEMENTSConsolidated Statements of Cash Flows(Unaudited, in thousands) ESSENTIAL PROPERTIES REALTY TRUST, INC.CONSOLIDATED FINANCIAL STATEMENTSConsolidated Statements of Cash Flows (continued)(Unaudited, in thousands) (In thousands) ESSENTIAL PROPERTIES REALTY TRUST, INC.CONSOLIDATED FINANCIAL STATEMENTSNotes to Consolidated Financial StatementsJune30, 2026 1. Organization Description of Business and Organization Essential Properties Realty Trust, Inc. (the “Company”) is an internally managed real estate company that acquires, ownsand manages primarily single-tenant properties that are net leased on a long-term basis to middle-market companies operatingservice-oriented or experience-based businesses. The Company general